유럽의 고속 엔진 시장 예측(-2030년) : 지역별 분석 - 회전수별, 출력별, 최종사용자별

The Europe high-speed engine market was valued at US$ 5,546.01 million in 2022 and is expected to reach US$ 8,171.52 million by 2030; it is estimated to register a CAGR of 5.0% from 2022 to 2030.

Aging Commercial Fleet Drives Europe High-Speed Engine Market

In almost all countries, most of the commercial ship fleet is aged. As per the data published by the United Nations in 2023, the average age of ships globally was 22.2 years, and more than half of the ships are older than 15 years. Further, as per the data provided by the Braemer in 2023, approximately 1.8% and 1.5% of the total ships globally are projected to retire by 2024 and 2025, respectively. As the fleet is aging rapidly, the demand for new ships is projected to increase to replace the aged and retired ships, which is expected to increase the demand for high-speed engines. According to the data published by The Baltic and International Maritime Council (BIMCO) in January 2024, 478 container ships are already scheduled for delivery in 2024 with a combined capacity of 3.0 million TEU. Thus, with the aging of the commercial fleet, the need for replacing the commercial fleet will increase, which is anticipated to create lucrative opportunities for the high-speed engine market growth during the forecast period.

Europe High-Speed Engine Market Overview

Growing investments in the power generation industry and the development of sustainable power generation solutions are among the major factors that are expected to generate lucrative opportunities for the Europe high-speed engine market during the forecast period. For instance, in November 2023, the European Commission announced its plans to scale up the investments for the upgradation of its power grids. The European Commission is investing approximately US$ 640 million to upgrade its power grid. Europe accounted for an 22.45% share of the Europe high-speed engine market in 2023. Various countries such as Italy, the UK, Spain, and Germany held the majority share in the Europe high-speed engine market owing to the increasing investments in the marine and oil & gas sectors. In February 2023, the UK government announced two new investments for infrastructure development and zero-emission vessels. The government of the UK has invested US$ 80 million in infrastructure development and zero-emission vessels. Further, the marine sector in Spain has invested approximately US$ 250 million in R&D to provide cutting-edge technologies in an increasingly competitive market. New technology such as autonomous shipping, artificial intelligence, and efficient fuel systems will play a critical role in the future expansion of the marine sector across Spain. Apart from the investments in the marine sector, governments of many countries in Europe are investing in the energy and power sectors to develop a continuous flow of power. In November 2023, the European Union presented its plans to invest in the development of the new as well as the upgradation of current power grids in the region. According to the European Union, approximately US$ 700 billion will be invested in the development and upgradation of the grids. Increased investments in the energy & power industry are projected to boost the requirement for high-speed engines for power generation purposes. This increased demand is expected to fuel the Europe high-speed engine market growth in the coming years.

Europe High-Speed Engine Market Revenue and Forecast to 2030 (US$ Million)

Europe High-Speed Engine Market Segmentation

The Europe high-speed engine market is categorized into speed, power output, end user, and country.

Based on speed, the Europe high-speed engine market is segmented into 1000-1500, 1500-1800, and above 1800. The 1500-1800 segment held the largest share of Europe high-speed engine market share in 2022.

In terms of power output, the Europe high-speed engine market is categorized into less than 2 MW, 2-4 MW, and above 4 MW. The less than 2 MW segment held the largest share of Europe high-speed engine market in 2022.

By end user, the Europe high-speed engine market is divided into marine, power generation, railway, and oil and gas. The marine segment held the largest share of Europe high-speed engine market in 2022.

Based on country, the Europe high-speed engine market is segmented into Germany, Italy, France, the UK, Russia, and the Rest of Europe. Germany dominated the Europe high-speed engine market share in 2022.

AB Volvo, Caterpillar Inc, MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd, Rolls-Royce Holdings Plc, Wartsila Corp, Weichai Heavy Machinery Co Ltd, Yanmar Holdings Co Ltd, and Cummins Inc are some of the leading companies operating in the Europe high-speed engine market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. High-Speed Engine Market Landscape

• 4.1 Overview
• 4.2 Ecosystem Analysis
  • 4.2.1 List of Vendors in the Value Chain

5. Europe High-Speed Engine Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Rise in Marine Transportation
  • 5.1.2 Upsurge in Demand for Energy
• 5.2 Market Restraints
  • 5.2.1 High Cost of Maintenance and Rise in Electrification of Fleet
• 5.3 Market Opportunities
  • 5.3.1 Aging Commercial Fleet
• 5.4 Future Trends
  • 5.4.1 Increasing Preferences for Alternate Fuel-powered Engines
• 5.5 Impact of Drivers and Restraints:

6. High-Speed Engine Market - Europe Market Analysis

• 6.1 Overview
• 6.2 High-Speed Engine Market Revenue (US$ Million), 2020-2030
• 6.3 High-Speed Engine Market Forecast Analysis

7. Europe High-Speed Engine Market Analysis - by Speed

• 7.1 1000-1500 rpm
  • 7.1.1 Overview
  • 7.1.2 1000-1500 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 7.2 1500-1800 rpm
  • 7.2.1 Overview
  • 7.2.2 1500-1800 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 7.3 Above 1800 rpm
  • 7.3.1 Overview
  • 7.3.2 Above 1800 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

8. Europe High-Speed Engine Market Analysis - by Power Output

• 8.1 Less than 2 MW
  • 8.1.1 Overview
  • 8.1.2 Less than 2 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 8.2 2-4 MW
  • 8.2.1 Overview
  • 8.2.2 2-4 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 8.3 Above 4 MW
  • 8.3.1 Overview
  • 8.3.2 Above 4 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

9. Europe High-Speed Engine Market Analysis - by End User

• 9.1 Marine
  • 9.1.1 Overview
  • 9.1.2 Marine: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 9.2 Power Generation
  • 9.2.1 Overview
  • 9.2.2 Power Generation: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 9.3 Railway
  • 9.3.1 Overview
  • 9.3.2 Railway: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 9.4 Oil and Gas
  • 9.4.1 Overview
  • 9.4.2 Oil and Gas: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
• 9.5 Others
  • 9.5.1 Overview
  • 9.5.2 Others: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10. Europe High-Speed Engine Market - Country Analysis

• 10.1 Europe
  • 10.1.1 Europe: High-Speed Engine Market, By Key Country - Revenue 2022 (US$ Million)
  • 10.1.2 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
    • 10.1.2.1 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
    • 10.1.2.2 Germany: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
      • 10.1.2.2.1 Germany: High-Speed Engine Market Breakdown, by Speed
      • 10.1.2.2.2 Germany: High-Speed Engine Market Breakdown, by Power Output
      • 10.1.2.2.3 Germany: High-Speed Engine Market Breakdown, by End User
    • 10.1.2.3 Italy: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
      • 10.1.2.3.1 Italy: High-Speed Engine Market Breakdown, by Speed
      • 10.1.2.3.2 Italy: High-Speed Engine Market Breakdown, by Power Output
      • 10.1.2.3.3 Italy: High-Speed Engine Market Breakdown, by End User
    • 10.1.2.4 France: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
      • 10.1.2.4.1 France: High-Speed Engine Market Breakdown, by Speed
      • 10.1.2.4.2 France: High-Speed Engine Market Breakdown, by Power Output
      • 10.1.2.4.3 France: High-Speed Engine Market Breakdown, by End User
    • 10.1.2.5 United Kingdom: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
      • 10.1.2.5.1 United Kingdom: High-Speed Engine Market Breakdown, by Speed
      • 10.1.2.5.2 United Kingdom: High-Speed Engine Market Breakdown, by Power Output
      • 10.1.2.5.3 United Kingdom: High-Speed Engine Market Breakdown, by End User
    • 10.1.2.6 Russia: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
      • 10.1.2.6.1 Russia: High-Speed Engine Market Breakdown, by Speed
      • 10.1.2.6.2 Russia: High-Speed Engine Market Breakdown, by Power Output
      • 10.1.2.6.3 Russia: High-Speed Engine Market Breakdown, by End User
    • 10.1.2.7 Rest of Europe: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
      • 10.1.2.7.1 Rest of Europe: High-Speed Engine Market Breakdown, by Speed
      • 10.1.2.7.2 Rest of Europe: High-Speed Engine Market Breakdown, by Power Output
      • 10.1.2.7.3 Rest of Europe: High-Speed Engine Market Breakdown, by End User

11. Competitive Landscape

• 11.1 Company Positioning & Concentration
• 11.2 Heat Map Analysis

12. Industry Landscape

• 12.1 Overview
• 12.2 Market Initiative
• 12.3 Product Development

13. Company Profiles

• 13.1 AB Volvo
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Caterpillar Inc.
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 MAN Energy Solutions SE
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 Mitsubishi Heavy Industries, Ltd.
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 Rolls-Royce Holdings Plc
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 Wartsila Corp
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 Weichai Heavy Machinery Co., Ltd.
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 YANMAR HOLDINGS Co., Ltd.
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 Financial Overview
  • 13.8.5 SWOT Analysis
  • 13.8.6 Key Developments
• 13.9 Cummins Inc.
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments

14. Appendix

• 14.1 About The Insight Partners